When a couple gets divorced in Illinois, they will have to go through property division proceedings to divide their assets and their debt. Many couples understand this and know how complicated property division can become. To avoid these complexities, many couples decide to keep their property separate even after they have married. They might use separate bank accounts, take out individual lines of credit, and take other measures to ensure their property is not combined.
Many people are familiar with premarital agreements, also sometimes called prenups. It is understandable that couples enter into these contracts prior to marriage to protect their assets in case of divorce. However, postnuptial agreements cause a little more confusion because people often wonder why a couple would need a contract after they are already married. Below are some of the most common reasons couples create postnuptial agreements.
Anyone entering into a divorce should understand the many different terms associated with the process, and alimony is just one of them. Alimony, also referred to as maintenance in Illinois, is a very misunderstood aspect of divorce. Some spouses think they are entitled to it when they are not, while others never think to ask for it, yet they qualify for alimony payments. To clear up any confusion on this important aspect of divorce, the four most common questions surrounding alimony are answered below.
When going through a divorce, you hope that your spouse will be honest when presenting certain facts of their case. Unfortunately, that is not always the case. Sometimes, spouses lie about their assets and when they do, it can present many challenges and result in an unfair settlement, or worse. There are many different reasons a spouse may lie about their assets but they can all hurt you in the end. For this reason, it is crucial that you understand how to identify signs of fraud, and how to protect yourself from it.
There is a lot to think about when you are going through a divorce. You will likely think about what your family life will look like afterward, and wonder about your own social life. While divorce does bring many changes, one that many couples do not consider is how it will affect their taxes. In Illinois, there are many tax implications that come with divorce, and below are a few of the most common.
In Illinois, a person that is having problems with their spouse and that has not engaged in misconduct during their marriage may petition the court for a legal separation. A separation is not a divorce and does not officially dissolve the marriage. It does allow the two spouses to live physically and financially independent of each other.
When two parents get divorced it typically means that the children of that marriage will spend much less time with one of their parents. Historically speaking, the parent to lose the most time with their children has been the father. Although today, Illinois courts are not supposed to take gender into consideration when allocating parenting time, the sad fact is that many still do. The data is there to support the notion that mothers are usually awarded the most time with their children. However, a new bill has been introduced into the Illinois House of Representatives, and it may mean equal …
If you are getting a divorce, you will likely want to speak to a divorce lawyer that can help with your case. Most divorce lawyers in Illinois will offer a free consultation during which you and the attorney will discuss your case and the lawyer will provide the legal options you have to get a fair settlement.
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